Net Pacific Financial Holdings Limited appointed Wu Houguo as Independent director and member of the Audit Committee, Risk Management Committee, Remuneration Committee and Nominating Committee with effect from February 25, 2013. Following the appointment of Mr. Zhou Wen Jie as the new non-executive chairman of the company, the board of directors of the company will comprise at least 7 directors. Wu is currently an investment adviser at Hejun Consulting Group, responsible for project management and equity fund raising activities, and a lawyer with Beijing Ming Hua Law Office, overseeing the operations of its Guangdong office from 2008.

Prior to that, from 2005 to 2008, Mr. Wu was the chief asset manager with Goal Achievers Limited and from 1997 to 2005, the vice president of the assets security branch of Bank of China Limited, responsible for credit management.